Mason Resources (CVE:LLG) Stock Price Up 38.5% – Time to Buy?

Shares of Mason Resources Inc. (CVE:LLG) rose 38.5% during mid-day trading on Friday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 593,501 shares were traded during mid-day trading, an increase of 377% from the average daily volume of 124,431 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Up 38.5 %

The company has a quick ratio of 47.86, a current ratio of 96.78 and a debt-to-equity ratio of 4.33. The stock’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. The firm has a market cap of C$12.72 million, a P/E ratio of -9.00 and a beta of 1.77.

Mason Resources (CVE:LLG) last announced its earnings results on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. As a group, research analysts forecast that Mason Resources Inc. will post 0.11 EPS for the current fiscal year.

Mason Resources Company Profile

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.